Uber surges over 7% to touch record highs as SoftBank announces it sold $2 billion in stock

Jan 12, 2021 - Business Insider

Uber stock is surging Tuesday on strong volume as investors are betting on a ride-share recovery in 2021.

Shares hit all-time highs of over $58 in intraday trading, leaving the tech giant with a market cap pushing $107 billion.

The stock's strong performance continues a hot streak after rebounding from March lows of $21.33 per share. The recent upswing comes in spite of a rough third quarter, which saw gross bookings decline 10% year...